Handelsbanken Fonder AB Sells 8,532 Shares of Arch Capital Group Ltd. (NASDAQ:ACGL)

Handelsbanken Fonder AB lowered its stake in Arch Capital Group Ltd. (NASDAQ:ACGL) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,517 shares of the insurance provider’s stock after selling 8,532 shares during the quarter. Handelsbanken Fonder AB’s holdings in Arch Capital Group were worth $8,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ACGL. Signaturefd LLC lifted its stake in Arch Capital Group by 6.8% in the third quarter. Signaturefd LLC now owns 2,952 shares of the insurance provider’s stock valued at $330,000 after buying an additional 187 shares in the last quarter. Private Advisor Group LLC lifted its stake in Arch Capital Group by 39.1% in the third quarter. Private Advisor Group LLC now owns 11,368 shares of the insurance provider’s stock valued at $1,272,000 after buying an additional 3,195 shares in the last quarter. Greenleaf Trust lifted its position in shares of Arch Capital Group by 9.9% in the third quarter. Greenleaf Trust now owns 2,808 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 254 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Arch Capital Group by 16.5% in the third quarter. CENTRAL TRUST Co now owns 12,111 shares of the insurance provider’s stock worth $1,355,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Arch Capital Group by 9.7% in the third quarter. Assenagon Asset Management S.A. now owns 31,094 shares of the insurance provider’s stock worth $3,479,000 after purchasing an additional 2,741 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Price Performance

NASDAQ:ACGL opened at $88.13 on Friday. Arch Capital Group Ltd. has a one year low of $84.00 and a one year high of $116.47. The company has a market cap of $33.16 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.34 and a beta of 0.64. The firm’s fifty day moving average price is $91.96 and its two-hundred day moving average price is $100.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.54 and a quick ratio of 0.58.

Arch Capital Group (NASDAQ:ACGL) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period in the prior year, the company earned $2.45 EPS. Equities analysts expect that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACGL. Morgan Stanley cut their price objective on shares of Arch Capital Group from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Keefe, Bruyette & Woods cut their price objective on shares of Arch Capital Group from $120.00 to $113.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of Arch Capital Group from $110.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. UBS Group cut their price objective on shares of Arch Capital Group from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price objective on shares of Arch Capital Group from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.19.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.